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20121130
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CNBC 35
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CNBC
Nov 6, 2012 4:00am EST
speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b
CNBC
Nov 20, 2012 12:00pm EST
by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal cliff and a deal, so the caution i would offer is that negotiations are going to make their way to the headlines and just be prepared for volatility. i think now, this allows us to move higher because the big decline we have, but at some point, you've got the say okay, we're going to get some big sells in front of the new tax laws. we've seen big dividend payments. you also have to watch dividend stocks, but it's not going to be smooth sailing going forward. >> joe, you can get some clues today on future stimulus. by the fed when he spoke speaks in manhattan. also likely get questions about the fiscal cliff. >> absolutely and i think there i
CNBC
Nov 30, 2012 12:00pm EST
the -- in the u.s. to grand bargain and we see growth begin to accelerate the second half of the year, overall 2 1/2% growth, and the emerging economies continue to come back, we're more optimistic i think, pete, on that happening. we think the combination of the two creates a great underpinning for material -- the material sector in general and that is one reason we're positive on that particular sector. >> this time last year we sat here and every investor and everybody, every manager was wore bitd europe and what it would look like in 2012. i haven't heard you mention europe once in this conversation. >> right. >> are we past the crisis point and past the point where it is a major headwind for the market moving forward? >> we are worried about europe. we think next year at best you see for europe overall zero percent growth with southern europe still in a recession. but we don't -- we think it is stabilized. we think the ecb is forced to do more easing which will put again more of an underpinning under it. but look. we're under weight. we like equities. we like emerging market equities. we're u
CNBC
Nov 8, 2012 6:00am EST
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
CNBC
Nov 21, 2012 12:00pm EST
the downgrade to u.s. debt. i think the consumer is actually okay, which is why i like macy's right for the middle class. >> we look forward to having you back and enjoy thanksgiving. coming up, the as stock trading at ten-year lows today. is this a once in a lifetime opportunity for you to get in? we'll get details ahead and we head to the pits to tackle what happens to gold if the u.s. can't avoid the fiscal cliff and we'll check out the top stocks in the s&p 500 today ahead of the thanksgiving holiday. we'll be right back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! he
CNBC
Nov 12, 2012 12:00pm EST
, you said you wanted to be u.s. centric. i understand you. there's certain companies. i'll mention one or two. yum brands and ibm. ibm probably gets close to 65% of their revenue outside the u.s. how do you make the distinction, i guess? >> it's going to be impossible with these megacap companies like walmart, yum or apple to make that distinction. but what you want to do is you want to be as a dollar invested investor here in the united states, you don't want to be exposed to currency fluctuation. so in 2013 you may have the dollar rally, the euro be dragged down. at this point i would say be more exposed to the u.s. than perhaps overseas. >> you want to get defensive and pretty much -- pretty severely, right? consumer staples? things like that? >> right. what you're going to have happening here is expectations, s&p earnings are going to come down. around $115 a share. we're expecting $105. revenue growth, nonexistent for the last three quarters. this quarter the reason why the market has collapsed over the last month and a half is due to the fact that revenues haven't moved. that's w
CNBC
Nov 1, 2012 1:00pm EDT
jeff becker, ceo of ing u.s. investment management. ing is also the presenting sponsor at this weekend's new york city marathon. why don't we begin there. i realize that you run the investment management division, not all of ing in the americas, but you must have a perspective. a lot of new yorkers are very concerned -- some of them are angry -- that this marathon is going to go on as scheduled. did people from your company consult with the mayor, what did they say to him, to the extent you know, and do you support the decision? >> we do. the decision was taken by the mayor and the city of new york in consultation with the new york road runners. ing is the title sponsor. we support that decision. we're proud to be the title sponsor for the tenth year in a row. the marathon is a wonderful event for new york. it really represents the vitality and perseverance of new yorkers. it also has a tremendous economic benefit to the city of new york. the estimates are that annually, it gives annomi of $340 million to the city, and about $35 million to charities each year. >> it is a wonderful even
CNBC
Nov 6, 2012 2:00pm EST
is the economy. >> looking at the policy the last four years and just havoc that they have caused on the u.s. economy, we just can't continue that path. >> we are in this together, which i see as democratic. so and i'm also concerned about the poor and those who have so little and so many of us have so much. >> reporter: as for florida's economy, of course it continues to struggle with the aftermath of the bursting of the housing bubble. of course, europe's woes having a negative impact on its very important tourism business. of course, it's received a lot of visits lately from the candidates, though it is the second most visited candidate -- or state by both candidates. and also, it's the state that has received the most money when you talk about advertising dollars. the greatest amount has been spent here in florida. now, if you come back to me and look over my left shoulders, we are here at the henry gardens here in orlando, fairly quiet here, no long lines, there were lines this morning, they have cleared up, but i believe we have some aerial video of other long lines in orange county an
CNBC
Nov 6, 2012 9:00am EST
for chapter 11. different news to digest. sales in the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about kimberly getting out of diapers in europe? there'
CNBC
Nov 26, 2012 6:00am EST
at the ex-have a dax, up 5%. ftse up nearly 4% in the last week on top of pretty good gains for the u.s. markets as you know between 3% and 4%, as well. so no surprise perhaps today that we're a little bit weaker on the back of those gains. 8:2 just about decliners outpacing advancers. this is how it translates. ftse 100 down half a percent. xetra dax up a quarter. ibex down about half of 1%. a number of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those reg
CNBC
Nov 5, 2012 5:00pm EST
the dollar. we've had, for example, people expecting that qe would lead to a big crash in the u.s. dollar. it didn't really do that. i think part of what we're seeing in the u.s. dollar is the question mark still about europe now. you have the greek situation and the bunt coming up for a vote there, some uncertainty as to where that's going to go. so that may be weighing a bitton euro helping the dollar. i think the dollar is much more now in play with what is going on in the rest of the world, rather than a u.s. story per se. >> avery, good to talk to you. avery shenfeld. be sure to keep it locked into cnbc for all your election day coverage tomorrow. we kick it off at 5:00 p.m. >>> apple posting better than expected sales of the ipad mini. our guy adami gave a little trade school on when to buy apple stock. take a listen. >> well, i would use sort of 610 as a pivot. 610 i think a close above 610, it breaks out again towards the upside. >> all right. the stock popped today, closed above the 575 level. what do you do now? >> the low on friday was 575.75. it doesn't really matter what you
CNBC
Nov 15, 2012 12:00pm EST
for the dow. the disappointment in the walmart is the u.s. comps in expectations? >> yes. >> you own both. >> yes. i do. weekly and monthly technical charts. these are pretty different reports. i think it's really simple. let's not make it overly complicated. target beat and raised. walmart did the number. forward guidance was lackluster. they had a lot less exciting things to say qualitatively. people are lnl making the shift between the two. >> is it time to do that? walmart's had a good year. it's in the top third in terms of dow performers. time to bail on walmart and pick up target? >> walmart has some protection. before selling i would wait to see if it can hold that level. what's interesting about target is that everything they're doing strategically seems to be working. the move into canada. the store branded credit cards. the loyalty programs. they're all firing on all cylinders in every way. i like both, but if i were to buy one over the other i'd probably go with target right now because they seem to have this moment in time figured out. >> which, murph, you added to target tod
CNBC
Nov 20, 2012 9:00am EST
's going on in defense. also, regardless of the fiscal cliff there's cuts. the u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you look at the shorter mature
CNBC
Nov 13, 2012 12:00pm EST
higher, the u.s. dollar is pulling back, and the vix is acting incredibly benign. and i just disagree with what josh just said. i think apple's performing well better than the overall market today. i think if you look at ibm, the ibm story is clearly in tact. the most diversified tech story there is, outperforming the market today. i think there is opportunity in the tech space, unless you believe this is '08 all over again. >> all right. coming up on the half, one home improvement company spiking to its highest level in more than a decade. but is there still more room to the upside. >>> plus, ron johnson and now her shing square's big ackman have made their cases for jcpenney, but should you buying this start-up story? more "halftime" is straight ahead. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the
CNBC
Nov 13, 2012 9:00am EST
signs of recovery in if the housing market. jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were rea
CNBC
Nov 26, 2012 12:00pm EST
, accused of pulling off the biggest insider trading scheme in u.s. history. we'll get back to that as soon as we get those pictures in. but obviously we're having a little bit of difficulty doing that. stephanie link, didn't mean to interrupt you. finish your thought. >> no problem. i was just saying the third quarter was much better than the second quarter. and if you look at revenues and advertising and look at payments, they all grew double digits and beat expectations. if you look at mobile ad revenues coming out of the third quarter that are revenue run rate of $1 billion. that legitimatizes the mobile monetization situation, which was the key issue for everybody in this ipo. stocks trading at about 35 times forward estimates, growing earnings about 37%. i think the valuation is attractive particularly given the stock has come down quite a bit. >> you bring up an interesting point. and herb, you called it great for a trade. stephanie link said a good investment. why only good for a trade? >> well, we don't know what the long-term is here. i think she's making the bet that a good inves
CNBC
Nov 2, 2012 1:00pm EDT
. the jones act states that only u.s. flagships can carry goods from one u.s. port to another. now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux
CNBC
Nov 7, 2012 5:00am EST
and save the u.s. economy from going down a dangerous road. it is wednesday, november 7th, the day after and a special early presentation of "squawk box" follows the late presentation that we had yesterday. but it starts right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. and yes, we know it's only 5:00 a.m. on the east coast, but you don't have to double check your clocks. on the morning after election day, we couldn't wait until 6:00 a.m. to get back on the air. the american public handing president obama four more years in the white house. meantime, the balance of power stays the same in the senate. this morning, we have two main items on the squawk agenda. after months of handicapping the race, we'll find out how the global markets react to the decision and ask how you need to position your portfolio. we have a number of people on hand to help us with that task, including mike santoli. he is our guest the next hour. chuck gabriel, his job is to try to connect the dots between washington and investors. we have jeremy seigel. also, vincent rinehart. we'll be jo
CNBC
Nov 16, 2012 6:00am EST
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats if we let it go or we can win m
CNBC
Nov 1, 2012 6:00am EDT
died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergen
CNBC
Nov 16, 2012 12:00pm EST
to these oil incidents and automatically had a reaction in the u.s. oil price in particular and seen prices supported already on when's happening in the gaza strip, the escalation of fighting there. that's certainly supportive of prices and an expiration today of the december contract and often leads to volatility so a lot to watch in the oil market and hearing that fires have been extinguished from the fire of the oil rig and no spillage of oil in to the gulf of mexico. back the you. >> sharon, thanks so much for us on the oil trade. let's bring in john killdo you have and the biggest surprise in the saga over the last several days is that oil didn't spike more from gaza. >> that's right, scott. a real push-pull going on right now between the economic outlook for next year particularly for oil demand and demand ratcheted down by the major organizations that track it. and, of course, i think the response to the gaza situation is reasonable because, of course, there's no direct oil involved but all about hamas and a proxy for iran and where do we go from here if anywhere? >> give me the read
CNBC
Nov 9, 2012 12:00pm EST
for housing in the u.s. economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating downgrade. i just don't think the equity market is going to react as adversely as it did august of it happens. let's soo write headache out and thi think. >> got it. david, thanks so much. >> my pleasure. >> david bianco, chief strategist at deutsche bank. >>> breaking news and our very own mair thompson is on the floor with the stock exchange. ma mary? >> there's a key change way tojt bring to our investors or viewers' attention. this year they're providing a little bit of konk for those submitting new capital plans. they have to submit them by january 7th. if the fed rejects their init
CNBC
Nov 2, 2012 6:00am EDT
. that was in the u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keeping tabs again on the weather across the middle east, the bitterly cold temperatures as we g
CNBC
Nov 19, 2012 12:00pm EST
monetary initiatives you will have? obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the major top ten economies. colossal debt, colossal leverage and they are trying to lever that up at this point. but the mark let fight them. i think it is about trading in -- inflection points. yen has been very, very weak. and as you said, and that's a sign that japan is moving that way. spain -- disturbing in europe in terms of their fiscal cliff, spanish ten years have been massively underperforming italian ten years. that's -- that's really a warning sign for another spain problem in the next couple of weeks. >> in your note today you say short the home builders and s
CNBC
Nov 27, 2012 12:00pm EST
in accounting rules between the u.s. and european standards? what about all of things that happened in between the purchase and now? how can you attribute everything you raise as issues to things sprung on you ahead of time? haven't you been running this business for the past several months? >> john, meg whitman is under enough fire if you will because of the recent performance of the company. it doesn't show any signs of a turn-around since she took over. this is another thing she has to answer to, not only the fact she voted to approve the autonomy deal, and now she's the ceo of hp and these accusations thrown back at her from mr. lynch. >> absolutely. meg whitman is not projecting a turn-around for this fiscal year saying she expects to see that in 2014. there's a number of revenue declines and nonexistent margins in a number of businesses throughout the fiscal year. she's in the thick of a turn-around. this controversy all autonomy did not help. >> is there any reason to give hp a look? >> i don't think so. i mean, you've got to get rid of the entire board and meg whitman, i don't think ge
CNBC
Nov 29, 2012 12:00pm EST
can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at least one-third of that onshore. that's where i'd go. >> home depot. real qui
CNBC
Nov 1, 2012 12:00pm EDT
-cost printing. >>> hurricane sandy will go down as one of the costliest storms in u.s. history. what does it mean for insurance stocks? morgan stanley is cutting its earnings by an average of 26%. after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible situation, but i think it will be contained somewhat in the fourth quarter, maybe the first. it's really cleaned up its balance sheet and focusing on two business lines. casualty and life. i think the life business will start to see some momentum as he they get more distribution. i think they use the weakness to buy when the stock is trading at .6 times book value. >> mike murphy, you could see a bit of an earnings hi
CNBC
Nov 6, 2012 3:00pm EST
creation? >> well, from a corporate standpoint, yes, maria, because most u.s. corporations are sitting on cash. as you saw profit margins hitting all-time highs. they're clearly not hiring a lot. at the end of the day, this whole economy and the stock market is about jobs. the market could be up even more if we start to see some job creation, but we can't be bidding stocks higher unless we start to see some in flows from our private client friends, who by the way, don't buy bond funds. we still think there's a lot of work to do on the investment side in terms of building further fundamental clarity with respect to the option of buying equities versus selling them. >> so you're not jumping on this bandwagon today, this rally we're seeing here? >> no, for one thing, we are just relieved that all of this election stuff is over. that's number one. number two, let's get back to the business of america and stocks going up in america as an asset looking very well on a longer term perspective. however, on a near-term basis, the market in our belief is well ahead of historical norms in terms of
CNBC
Nov 8, 2012 4:00pm EST
.5% minutes before the close. u.s. regulators approve jpmorgan's $3 billion stock buyback. that was lifting shares earlier. as you can see, finished lower with the rest of the group at the end of trade. hospital stocks did soar wednesday now that we know obamacare is likely here to stay. now hoptd names are selling off. down about 4% or more. those concerns about coal persisted in thursday's trade. they continued to slide lower as investors bet the president's re-election will lead to increased regulation for the industry. we know mitt romney was more of a fan of coal stocks. but he will not be our president. we now know. mar maria, back to you. >> court, thanks. meanwhile, what's the deal with groupon? the daily deal website's latest results out just minutes ago. we'll talk about what groupon needs to survive. the story next. plus, more on this busy edition of the "closing bell." >>> coming up, the empire strikes gold? >> hello there. >> disney's ceo bob iger joins maria for a first-on interview to talk earnings and the acquisition that adds the star wars franchise to the magic kingdom's g
CNBC
Nov 6, 2012 1:00pm EST
, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we are going to look at last-minute stock place for your portfolio new obama millionaires house, do they stack up against gop presidents? >>> and a once we know who will be the president the next four years will we finally solve the fiscal cliff? if not, you won't believe what it will cost you. get back to power lunch. >>> the voters are heading to the poll, with the election behind us tomorrow, will we see a pop either way because of some of the uncertainty removed from the market or not? your massive this morning, you had interesting statistics and you said this market looks like '08 all over again what way? >> traditionally, election
CNBC
Nov 2, 2012 2:00pm EDT
that are here. as mandy told you, the u.s. dollar rallied. that makes more qe less likely. some disappointment with the payroll. some of the numbers were a little bit on the squishy side. weak hourly earnings and average hours worked. for example. then there is the political slant, a lot of people have argued that president obama wins, the favorable jobs report makes it more likely. i think the aftermath of sandy very powerful and affecting certainly new yorkers more than a lot of people anticipated. i'll stick with the dollar story. if you look how the market is reacting, the two sectors that are most dollar sensitive are notably the weakest sectors today. that tells you these are commodity based, materials and energy. that tells you that that dollar strength has had an impact. techs and financials also to the weak side. finally, if that doesn't impress you, the gld, your major exchange traded fund for gold. it is one-tenth the price of gold here, moving down sitting essentially at a multi--month low, at least a two-month low. mandy, what gets your attention, volume is truly heavy here. headi
CNBC
Nov 28, 2012 12:00pm EST
it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the volumes we need to sell. >> real quick, we're here at the prius stand. you guys are standing by your position that hybrids is where it's at. >> yes, we are. the market is about 3% hybrid, we're about 14%. we'll continue to push hybrids. >> jim lentz, with his first on cnbc interview here at the auto show. >> thank thank you very much. >>> stef, you like the parts suppliers? >> i was just going to mention, the fuel emission standard changes borg-warner helps to make those parts, so i think you'll see continued secular growth in that theme. that's the name i like. the stock is done on the backlog weakness. i like that story. >> who would buy one of the main eight omakers? >> when i increase exposure, i'll buy --
CNBC
Nov 28, 2012 4:00pm EST
dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
CNBC
Nov 2, 2012 12:00pm EDT
it. the system is coming out of the pacific, dropping down through the center of the u.s. it is going to take a path right up along the east coast. we have a number of computer models that are going to come to consensus on how this will impact the region. it's certainly not going to be anything like sandy but it is going to add insult to injury as far as a recovery effort next week. stronger winds, some rainfall for the coast. it is going to be a rough midweek and as we get into latter part of the week on the back side of this weather system, more cold air just making for chilly conditions across that region. once again hampe the recovery effort. we'll send it back to you. >> i appreciate the update. thanks so much from our folks and friends at the weather channel. >>> let's do "pops & drops" now. biggest movers in midday trading on this friday. >> i'll drink to that, a lot of bourbon going down. beam beat top and bottom line. stock trading up strong. i like this stock. and their product. >> i bet you do. as does murphy but he's going to talk about floor. it's dropping today. fluor mi
CNBC
Nov 6, 2012 12:00pm EST
-year average. a pop out of the stock today. >> i'm looking at letter x as well. that's u.s. steel. up five and a third percent. ubs adding to the alpha most preferred list. time to get in there. >> this is a high quality company in a tough industry. a lot of news that impacts this thing comes from oversaes. this is the thing where you want to look at technicals more than anything else. we know the fundamentals aren't great. 23 and change. 23 and a quarter. that's a really important level. i would not be a buyer until it can break above that and hold. if it retests that level after busting through this is good for a five or six-point breakout but not until. >> big moves on wall street today as americans go to the polls. which candidate will be better for wall street and your money is this harold ford was a five-term democratic congressman and now a managing director at morgan stanley. anthony scaramucci is one of mitt romney's national finance chairs. good to have you with us. how do we counter claims that romney is better for the investor class and better for wall street? >> good afternoon
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